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Search Results 0 to 9 of about 10 (some duplicates have been removed)
'm stewart in for neil cavuto. remember this, that fiscal cliff deal, huge amount in tax hikes. not much in the way of spending cuts. are we about to see the sequel? the president is calling on congress to pass another quick fix to avert those automatic spending cuts he originally signed off on, kicking in march 1 income, and this includes new tax revenues. the former south carolina senator jim demint says we have seen how the movie ins and it's not go. okay, jim, spell it out. more tacks and not so many spending cuts. what's the result? >> you have to scratch your head. the federal government will receive historically high tax revenues this year, yet we've double spending. it's a spending problem. the president is not willing to cut spending at this point. he continues to talk about more taxes. even though he promised that this sequester would never happen and if he got his tax increases he would cut spending. >> what are the run republics going to do? we have the president calling for more taxes. what should their response be? >> well, republicans passed in the house last year what the
tax and replace it with a small hike in state sales tax. the republican governor on where things stan right now. governor, thank you for joining us. >> thank you, sir. >> you want to raise the state sales tax but eliminate the gas tax. give us the numbers. >> well, we do have a problem with infrastructure in america. you heard the secretary's comments and you're right. only 6% of the stimulus money was spent on infrastructure, and the rest was spent on things that didn't help much. so we have a problem and it's the gasoline tax on a state of decline because of inflation, alternative fuels and cafe standards and so forth, and we have the most congested area in america, northern virginia. so we're trying to build infrastructure. the gas tax is going to keep declining so we're suggesting let's get rid of and it replace it with a sales tax that froze with the economy. >> let's tell the viewers the numbers. the virginia gas tax is 17-1/2 cents per gallon. nationwide it's 18.4. you're saying eliminate the 17-1/2 sentences per gallon state sales tax and add .08% on sales of everything. is th
'll never stop trying to raise taxes. whether or not he can succeed i don't know. he comes out of a far left ideology that believes in class warfare and radical wealth restriction and to feed that you need tax revenue coming from the so-called 1% on whom he raised tax throw it the fiscal cliff deal. he knows the real now is with the mitting class so he is coming for you. so -- >> wait, wait. right there want you to listen to this. this is also what he said. >> can we close some loopholes and deductions that folks who are well-connected and have a lot of accounts and lawyers can take advantage of so they pay lower rates than the bus driver or a cop. can we close some those of loopholes? if you combine those things together then we cannot only reduce our deficit but we can continue to invest in things like education and research and development nat are going to help us grow. >> more spending. >> and when a guy like obama uses the word invest it means more government spending. he is not stopping trying to raise taxes and when he is talking about closing loopholes and deductions, that's somethin
? you have the jobless rate picking up, economic growth slowing down and the federal income tax turning 100 this sunday. fears are growing it's only heading higher. swatch out on the price of good friday. it's 14,000. >> let's celebrate. we're rich, we're rich again, part two. here's what i think about the income tax. remember those coffee mugs, life begins at 40? how about for the income tax life begins at 100. let's actually fix this thing, make it a little more favorable for businesses, for income, for individual income earners. i mean, that would be a lot better than at least leaving it at this rate. >> some say we've had it for 100 years. maybe we should keep it for the next 100. >> here's the thing. i'll tell you. it's been a rough 100 years with regards to income tax because there's been a lot of wrangle ling. if you just look at the numbers, we rely on the top 10% of taxpayers, jenna, as a country more than any other developed nation in the world. we know we have the highest corporate tax rates. >> you just don't want to pay your taxes. >> hello, irs, i don't want to pay my taxe
came from. >> the postal service has no record of taking taxpayers' money. we don't receive any tax funds. >> well, of course you do. it's not tax funds, but you knock on the door of the treasury and say -- hold on. you say we need $15 billion to pay our employees. the treasury gives them $15 billion. it's against the letter of credit with the u.s. treasury, but the problem is if the postal service can't pay its bills or goes bankruptcy or defaults, we, the taxpayer, have to eat that. >> without the prefunding last year, the postal service would have made money even in these economic times. >> i don't know where you get your numbers. i'm looking at the numbers. >> i'm not sure where you're getting yours, either. >> $50 billion in salaries and benefits alone, almost -- almost covers it. just about does. forget the other pension. forget the 12 or 13 billion dollars per year of retiree benefits. something has to give. you can't run a business this way. you can't run a household this way. you can't run a federal government this way, butt the president -- but the president seems to think
Search Results 0 to 9 of about 10 (some duplicates have been removed)